Dimensional Fund Advisors LP Grows Position in Cohen & Steers Inc $CNS

Dimensional Fund Advisors LP increased its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,174,579 shares of the asset manager’s stock after purchasing an additional 50,580 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Cohen & Steers were worth $73,467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Cohen & Steers in the fourth quarter valued at about $28,000. Geneos Wealth Management Inc. increased its position in shares of Cohen & Steers by 345.3% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 297 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cohen & Steers during the fourth quarter valued at about $31,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Cohen & Steers by 110.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 299 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Cohen & Steers by 754.9% in the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock worth $38,000 after acquiring an additional 536 shares during the last quarter. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Stock Performance

NYSE CNS opened at $82.10 on Friday. The firm has a 50 day simple moving average of $76.80 and a 200-day simple moving average of $70.03. Cohen & Steers Inc has a one year low of $58.39 and a one year high of $84.93. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.01 and a beta of 1.22.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Thursday, July 16th. The asset manager reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Cohen & Steers had a net margin of 28.82% and a return on equity of 28.03%. The business had revenue of $151.84 million during the quarter, compared to analyst estimates of $149.45 million. During the same quarter last year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts predict that Cohen & Steers Inc will post 3.49 EPS for the current fiscal year.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be paid a $0.67 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. Cohen & Steers’s payout ratio is 82.21%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNS. Evercore reissued an “outperform” rating and issued a $84.00 target price on shares of Cohen & Steers in a research report on Friday, July 10th. Weiss Ratings upgraded Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $76.00.

Insider Buying and Selling at Cohen & Steers

In other news, EVP Daniel Noonan sold 4,360 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total value of $337,158.80. Following the sale, the executive vice president directly owned 28,682 shares in the company, valued at approximately $2,217,979.06. This trade represents a 13.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Elena Dulik sold 1,100 shares of Cohen & Steers stock in a transaction on Monday, July 20th. The shares were sold at an average price of $83.16, for a total value of $91,476.00. Following the completion of the transaction, the chief accounting officer owned 22,146 shares of the company’s stock, valued at approximately $1,841,661.36. This trade represents a 4.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 45.40% of the company’s stock.

About Cohen & Steers

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).